India most active area of our investment: Temasek

Singapore: Temasek Holdings (Private) Limited, the investment arm of the Singapore government, has said that with the focus on revival of investor-led growth in the country, India over the past year has been one of their 'most active' areas of investment with potential for long-term returns.

"In India, we are seeing the (Prime Minister Narendra) Modi-led government focusing on reviving investor-led growth," said Ravi Lambah, co-head of India, Africa and the Middle East region at Temasek. "We have been very active in India last year, and it was probably one of our most active areas of investment," added Lambah.

"We've been seeing potential in investing in the country on a long-term perspective. We remain optimistic that India will deliver returns over the long-term," he was quoted as saying by a weekly on the Indian economy and markets here. India currently accounts for about four percent of the Singapore investor's portfolio.

Commenting on the ruling Indian government, he hailed steps like 'Jan Dhan Yojana' by the BJP-led National Democratic Alliance (NDA) which provides banking services to people belonging to weaker and low-income group sections.